UnitedHealth Group (UNH) Financials: Revenue & Earnings

UNH price $411.15 +0.76 +0.19%

Ticker
UNH
Price
$411.15
Change
+0.76 +0.19%
Market cap ?
$369.05B
P/E ?
23.42
Forward P/E ?
19.98
Dividend yield ?
2.21%
Beta ?
0.61
Sector
Healthcare
Industry
Medical - Healthcare Plans
Stocklytics score
40
Value
55
Quality
32
Growth
34

Stocklytics score rationale: value 55, quality 32, growth 34.

Financials

2016201720182019202020212022202320242025
184840000000201159000000226247000000242155000000257141000000287597000000324162000000371622000000400278000000447567000000

UnitedHealth Group Incorporated (UNH) operates as a comprehensive healthcare enterprise across the United States, structuring its diverse services into four key divisions: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment provides a wide array of health benefit plans and consumer-focused services. These offerings cater to a broad spectrum of clients, including large national…

Fair value

UNH fair value $566.90. Price $411.15. Price is 27% below fair value.

Below fair value, and cheaper than usual. A larger discount than on 63% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 22.83B. Growth 11.54%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 897.60M. Net debt 54.02B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the stock's own 10-year median P/E, kept between 8 and 40. Fewer than five years of history uses the sector's typical P/E. Fair value is the average of the cash-flow value and the earnings value when both exist. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare UNH

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2027-01-20—2.28—112.26B
2026-10-134.694.14112.70B111.31B
2026-07-166.384.91112.03B110.81B
2026-04-217.236.58111.72B109.43B
2026-01-272.112.10113.22B113.77B
2025-10-282.922.80113.16B113.03B
2025-07-294.084.45111.62B111.52B
2025-04-177.207.29109.58B111.58B
2025-01-166.816.74100.81B101.60B
2024-10-157.157.0099.18B99.14B
2024-07-166.806.6597.86B98.79B
2024-04-166.916.6198.78B99.23B
2024-01-126.165.9893.25B92.14B
2023-10-136.566.3291.36B86.59B
2023-07-146.145.9991.79B82.95B
2023-04-146.266.1391.93B89.77B
2023-01-135.345.1782.79B82.48B
2022-10-145.795.4280.89B80.52B
2022-07-155.575.2080.33B79.68B
2022-04-145.495.3880.15B78.73B
2022-01-194.484.3073.74B78.73B
2021-10-144.524.4172.34B71.06B
2021-07-154.704.4371.32B69.60B
2021-04-155.314.3870.20B69.26B
2021-01-202.522.4165.47B62.05B
2020-10-143.513.0965.11B57.32B
2020-07-157.125.2862.14B45.83B
2020-04-153.723.6364.42B62.51B
2020-01-153.903.7760.90B58.45B
2019-10-153.883.7560.35B57.88B
2019-07-183.603.4560.59B57.51B
2019-04-163.733.6060.31B57.82B
2019-01-153.283.2158.42B56.84B
2018-10-163.413.2956.56B54.20B
2018-07-173.143.0456.09B53.96B
2018-04-173.042.8955.19B52.18B
2018-01-162.592.5052.06B50.36B
2017-10-172.662.5650.32B48.19B
2017-07-182.462.3850.05B48.18B
2017-04-182.372.1748.72B44.41B

Dividends

Yield 2.20%. Payout ratio 51.45%. Frequency Quarterly.

Safety score 95/100 · Safe. Payout ratio is 51% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 37 separate years. Yield is 2.2%, in a range that is usually sustainable.

Ex-dateDividendRecordPaymentFrequency
2026-09-14$2.322026-09-142026-09-22Quarterly
2026-06-15$2.322026-06-152026-06-23Quarterly
2026-03-09$2.212026-03-092026-03-17Quarterly
2025-12-08$2.212025-12-082025-12-16Quarterly
2025-09-15$2.212025-09-152025-09-23Quarterly
2025-06-16$2.212025-06-162025-06-24Quarterly
2025-03-10$2.102025-03-102025-03-18Quarterly
2024-12-09$2.102024-12-092024-12-17Quarterly
2024-09-16$2.102024-09-162024-09-24Quarterly
2024-06-17$2.102024-06-172024-06-25Quarterly
2024-03-08$1.882024-03-112024-03-19Quarterly
2023-12-01$1.882023-12-042023-12-12Quarterly
2023-09-08$1.882023-09-112023-09-19Quarterly
2023-06-15$1.882023-06-192023-06-27Quarterly
2023-03-10$1.652023-03-132023-03-21Quarterly
2022-12-02$1.652022-12-052022-12-13Quarterly
2022-09-09$1.652022-09-122022-09-20Quarterly
2022-06-16$1.652022-06-202022-06-28Quarterly
2022-03-11$1.452022-03-142022-03-22Quarterly
2021-12-03$1.452021-12-062021-12-14Quarterly
2021-09-10$1.452021-09-132021-09-21Quarterly
2021-06-18$1.452021-06-212021-06-29Quarterly
2021-03-12$1.252021-03-152021-03-23Quarterly
2020-12-04$1.252020-12-072020-12-15Quarterly
2020-09-11$1.252020-09-142020-09-22Quarterly
2020-06-19$1.252020-06-222020-06-30Quarterly
2020-03-13$1.082020-03-162020-03-24Quarterly
2019-12-06$1.082019-12-092019-12-17Quarterly
2019-09-13$1.082019-09-162019-09-24Quarterly
2019-06-14$1.082019-06-172019-06-25Quarterly
2019-03-08$0.902019-03-112019-03-19Quarterly
2018-11-30$0.902018-12-032018-12-13Quarterly
2018-09-06$0.902018-09-072018-09-18Quarterly
2018-06-15$0.902018-06-182018-06-26Quarterly
2018-03-08$0.752018-03-092018-03-20Quarterly
2017-11-30$0.752017-12-012017-12-12Quarterly
2017-09-07$0.752017-09-082017-09-19Quarterly
2017-06-15$0.752017-06-192017-06-27Quarterly
2017-03-08$0.622017-03-102017-03-21Quarterly
2016-11-30$0.622016-12-022016-12-13Quarterly
2016-09-07$0.622016-09-092016-09-20Quarterly
2016-06-15$0.622016-06-172016-06-28Quarterly
2016-03-09$0.502016-03-112016-03-22Quarterly
2015-12-02$0.502015-12-042015-12-15Quarterly
2015-09-09$0.502015-09-112015-09-22Quarterly
2015-06-11$0.502015-06-152015-06-24Quarterly
2015-03-11$0.382015-03-132015-03-24Quarterly
2014-12-03$0.382014-12-052014-12-16Quarterly
2014-09-10$0.382014-09-122014-09-23Quarterly
2014-06-12$0.382014-06-162014-06-25Quarterly
2014-03-12$0.282014-03-142014-03-25Quarterly
2013-12-04$0.282013-12-062013-12-17Quarterly
2013-09-11$0.282013-09-132013-09-24Quarterly
2013-06-13$0.282013-06-172013-06-21Quarterly
2013-03-13$0.212013-03-152013-03-26Quarterly
2012-12-07$0.212012-12-112012-12-21Quarterly
2012-09-12$0.212012-09-142012-09-21Quarterly
2012-06-13$0.212012-06-152012-06-22Quarterly
2012-03-01$0.162012-03-052012-03-19Quarterly
2011-12-05$0.162011-12-072011-12-21Quarterly
2011-09-02$0.162011-09-072011-09-21Quarterly
2011-06-03$0.162011-06-072011-06-21Quarterly
2011-03-03$0.122011-03-072011-03-21Quarterly
2010-12-03$0.122010-12-072010-12-21Quarterly
2010-09-10$0.122010-09-142010-09-28Quarterly
2010-06-03$0.122010-06-072010-06-21Quarterly
2010-04-01$0.032010-04-062010-04-20Annual
2009-03-31$0.032009-04-022009-04-16Annual
2008-03-31$0.032008-04-022008-04-16Annual
2007-03-29$0.032007-04-022007-04-16Annual
2006-03-30$0.032006-04-032006-04-17Annual
2005-03-30$0.012005-04-012005-04-18Annual
2004-03-30$0.012004-04-012004-04-16Annual
2003-03-28$0.012003-04-012003-04-17Annual
2002-03-27$0.012002-04-012002-04-17Annual
2001-03-29$0.012001-04-022001-04-18Annual
2000-03-30$0.002000-04-032000-04-19Annual
1999-03-30$0.001999-04-011999-04-15Annual
1998-03-30$0.001998-04-011998-04-15Annual
1997-04-01$0.001997-04-031997-04-15Annual

Insider trades

DateInsiderActionSharesPriceValue
2026-10-01Noseworthy John HBuy240——
2026-10-01MONTGOMERY RICE VALERIE MDBuy257——
2026-10-01MCNABB FREDERICK WILLIAM IIIBuy291——
2026-10-01Gottlieb ScottBuy257——
2026-10-01Gil KristenBuy240——
2026-10-01GARCIA PAUL RBuy103——
2026-10-01GARCIA PAUL RBuy155——
2026-10-01FLYNN TIMOTHY PATRICKBuy262——
2026-10-01Baker Charles D.Buy257——
2026-09-22MCNABB FREDERICK WILLIAM IIIBuy57——
2026-09-22Stankiewicz Dennis AndrewBuy51——
2026-09-22Baker Charles D.Buy15——
2026-09-22FLYNN TIMOTHY PATRICKBuy68——
2026-09-22Noseworthy John HBuy46——
2026-09-22Gottlieb ScottBuy5——
2026-09-22Zaetta Christopher RBuy67——
2026-09-22HEMSLEY STEPHEN JBuy50——
2026-09-22MONTGOMERY RICE VALERIE MDBuy47——
2026-09-22GARCIA PAUL RBuy16——
2026-09-22Gil KristenBuy10——
2026-09-22Conway Patrick HughBuy91——
2026-09-22DeVeydt Wayne SBuy106——
2026-09-22Noel Timothy JohnBuy84——
2026-09-22McSweeney ErinBuy53——
2026-09-02DeVeydt Wayne SSell1.21K$399.66483.15K
2026-08-21Conway Patrick HughSell1.17K$390.00455.91K
2026-08-11Stankiewicz Dennis AndrewSell233$402.1993.87K
2026-08-05Conway Patrick HughSell500$410.00205.00K
2026-07-01Noseworthy John HBuy206——
2026-07-01MONTGOMERY RICE VALERIE MDBuy220——
2026-07-01MCNABB FREDERICK WILLIAM IIIBuy250——
2026-07-01Gottlieb ScottBuy210——
2026-07-01Gil KristenBuy206——
2026-07-01GARCIA PAUL RBuy88——
2026-07-01GARCIA PAUL RBuy132——
2026-07-01FLYNN TIMOTHY PATRICKBuy225——
2026-07-01Baker Charles D.Buy220——
2026-06-23McSweeney ErinBuy48——
2026-06-23Noseworthy John HBuy41——
2026-06-23GARCIA PAUL RBuy13——
2026-06-23MONTGOMERY RICE VALERIE MDBuy41——
2026-06-23Gil KristenBuy8——
2026-06-23Gottlieb ScottBuy3——
2026-06-23Conway Patrick HughBuy82——
2026-06-23Noel Timothy JohnBuy76——
2026-06-23Zaetta Christopher RBuy61——
2026-06-23DeVeydt Wayne SBuy112——
2026-06-23HEMSLEY STEPHEN JBuy46——
2026-06-23Stankiewicz Dennis AndrewBuy51——
2026-06-23Baker Charles D.Buy13——
2026-06-23MCNABB FREDERICK WILLIAM IIIBuy50——
2026-06-23FLYNN TIMOTHY PATRICKBuy61——
2026-06-05Conway Patrick HughSell687$399.47274.38K
2026-06-03Zaetta Christopher RSell134$377.0050.53K
2026-06-02Conway Patrick HughSell204$377.9277.03K
2026-04-23Conway Patrick HughSell800$355.00284.00K
2026-04-01HOOPER MICHELE JBuy206——
2026-04-01MCNABB FREDERICK WILLIAM IIIBuy388——
2026-04-01Baker Charles D.Buy343——
2026-04-01Gil KristenBuy320——
2026-04-01Noseworthy John HBuy320——
2026-04-01GARCIA PAUL RBuy137——
2026-04-01GARCIA PAUL RBuy206——
2026-04-01Gottlieb ScottBuy320——
2026-04-01MONTGOMERY RICE VALERIE MDBuy343——
2026-04-01FLYNN TIMOTHY PATRICKBuy350——
2026-03-17MONTGOMERY RICE VALERIE MDBuy53——
2026-03-17DeVeydt Wayne SBuy150——
2026-03-17Stankiewicz Dennis AndrewBuy68——
2026-03-17GARCIA PAUL RBuy16——
2026-03-17Noseworthy John HBuy52——
2026-03-17Zaetta Christopher RBuy90——
2026-03-17Noel Timothy JohnBuy102——
2026-03-17MCNABB FREDERICK WILLIAM IIIBuy64——
2026-03-17FLYNN TIMOTHY PATRICKBuy79——
2026-03-17HEMSLEY STEPHEN JBuy61——
2026-03-17Baker Charles D.Buy14——
2026-03-17McSweeney ErinBuy65——
2026-03-17HOOPER MICHELE JBuy292——
2026-03-17Gil KristenBuy8——
2026-03-17Gottlieb ScottBuy1——
2026-03-17Conway Patrick HughBuy125——
2026-03-02Stankiewicz Dennis AndrewOther0——
2026-03-02Stankiewicz Dennis AndrewOther4.04K$327.641.32M
2026-03-02Stankiewicz Dennis AndrewOther2.75K$474.401.31M
2026-03-02Stankiewicz Dennis AndrewOther2.70K$491.691.33M
2026-03-02Stankiewicz Dennis AndrewOther3.63K$521.971.90M
2026-03-02Stankiewicz Dennis AndrewOther5.70K$502.422.86M
2026-03-02Stankiewicz Dennis AndrewOther19.54K$282.345.52M
2026-03-02Stankiewicz Dennis AndrewOther3.27K$252.37825.00K
2026-03-02Stankiewicz Dennis AndrewOther3.56K$302.201.08M
2026-02-23ROOS THOMAS EBuy2.44K——
2026-02-23ROOS THOMAS ESell152$282.3442.85K
2026-02-23ROOS THOMAS EBuy9.77K$282.342.76M
2026-02-23Zaetta Christopher RBuy28.41K$282.348.02M
2026-02-23Zaetta Christopher RBuy7.08K——
2026-02-23Zaetta Christopher RSell129$282.3436.55K
2026-02-23Noel Timothy JohnBuy35.52K$282.3410.03M
2026-02-23Noel Timothy JohnBuy8.86K——
2026-02-23Noel Timothy JohnSell123$282.3434.78K

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 3.57K, holders +350 vs prior quarter. Ownership 88.55%.

HolderSharesChangeChange %Value
BLACKROCK, INC.76.86M3.40M+4.62%31.95B
VANGUARD CAPITAL MANAGEMENT LLC59.31M440.75K+0.75%24.65B
STATE STREET CORP45.63M301.08K+0.66%18.97B
CAPITAL WORLD INVESTORS29.89M2.10M+7.57%12.42B
FMR LLC27.99M15.97M+132.91%11.63B
VANGUARD PORTFOLIO MANAGEMENT LLC24.48M446.73K+1.86%10.18B
PRICE T ROWE ASSOCIATES INC /MD/23.15M2.28M+10.92%9.62B
GEODE CAPITAL MANAGEMENT, LLC21.75M-1.02M-4.47%9.01B
JPMORGAN CHASE & CO20.25M1.14M+5.99%8.50B
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.19.83M19.83MNew8.24B
CHARLES SCHWAB INVESTMENT MANAGEMENT INC19.83M-987.17K-4.74%8.24B
MORGAN STANLEY14.80M-168.11K-1.12%6.15B
NORGES BANK12.74M12.74MNew5.29B
BANK OF NEW YORK MELLON CORP10.70M616.72K+6.11%4.45B
WELLINGTON MANAGEMENT GROUP LLP10.68M583.54K+5.78%4.44B
SUSQUEHANNA INTERNATIONAL GROUP, LLP10.60M7.42M+233.17%4.40B
CAPITAL RESEARCH GLOBAL INVESTORS10.53M-6.58M-38.44%4.38B
BANK OF AMERICA CORP /DE/9.74M-1.98M-16.88%4.05B
FISHER ASSET MANAGEMENT, LLC9.08M3.84M+73.40%3.77B
DODGE & COX9.07M-394.50K-4.17%3.77B
NORTHERN TRUST CORP8.76M-18.85K-0.21%3.64B
FRANKLIN TEMPLETON INC8.64M2.97M+52.34%3.59B
SUSQUEHANNA INTERNATIONAL GROUP, LLP8.38M5.20M+163.62%3.48B
JANE STREET GROUP, LLC8.36M6.71M+406.82%3.47B
CAPITAL INTERNATIONAL INVESTORS7.79M-1.21M-13.47%3.24B

Earnings and financials

UnitedHealth Group Incorporated (UNH) trades at $411.15, with a market cap of $369.05B and a trailing P/E of 23.42. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.

Financials

2016201720182019202020212022202320242025
184840000000201159000000226247000000242155000000257141000000287597000000324162000000371622000000400278000000447567000000

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UnitedHealth Group (UNH) Financials: Revenue & Earnings

UNH$411.15+0.76 +0.19%

$369.05B

Market Cap

23.42

P/E

19.98

Forward P/E

40

Score

Price History